JIM ROGERS BLOG: 07/16/11

Saturday, July 16, 2011

Reuters Interview

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

My shorts are protecting me during this period

Jim Rogers : "..If the world economy gets better I am gonna make money in commodities because of shortages , if the world economy does not get better they are gonna print money and the place to be will be in commodities , I have shorts , I hope I have plenty of shorts so my shorts are protecting me during this period and during any down draft in commodities , when things come out of this first thing they will go up and the things that will go up the most are probably commodities cause they are going to print more money and if they do not print more money it is because the economy is getting better and you gonna have big shortages " in Reuters Interview 13 July 2011

Do not short things that are in a secular bull market

" Commodities are in a secular bull market , I have learned the hard way in life , ' you do not short things that are in a secular bull market ' , you find things that have potential weaknesses you hedge yourself by shorting the things where there are secular changes negative changes and you long the things where there are secular bull market going on , and so no no I do not like to short things that are bull market " - in Reuters interview
Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

The stock market needs to have a rest , it doubled in two years thats not normal

Jim Rogers :...The US pouring money certainly has an effect lots and lots of money slashing around it got to g9 somewhere whether it goes in the stocks or bonds or currencies or commodities of course it got to go somewhere , so yeah it has a big effect , the problem with that scenario is everybody expects it to happen so usually something else happens because people are geared up expecting that to happen I would not be surprised if something happened , The stock market needs to have a rest you pointed it out it doubled in two years that's not normal - in Yahoo Finance

I happen to own some Rio Tinto

I own the metals themselves , I happen to own some Rio Tinto which I have owned for decades , 12 years , basically I rather own the metals themselves rather than the miners - in CNBC

Silver is going to go much, much higher over the next decade

"Silver's going to go much, much higher over the next decade," Jim Rogers said. :" the world is having shortages developed in nearly every metal" Jim Rogers explained . " ...I own the metals themselves , I happen to own some Rio Tinto which I have owned for decades , 12 years , basically I rather own the metals themselves rather than the miners ""If you picked the right miners or the right oil company or the right anything you can make a lot more money than you are making in the metal there is no question about that , but the study show that you better off owning the commodities themselves than rather than the miners or the oil companies , for instance natural gas tripled in the last few years , well Enron was a natural gas company , Enron went to zero , natural gas can go down but it cannot go to zero the same with all commodities , if you picked the right one you are going to make a lot lot more money but otherwise you should stay I think with the commodity itself" - in CNBC

The US will default

Jim Rogers : we gonna default one way or the other but they may not call it a default , you can inflate your currency and pay people back with worthless money so it can happen , and these debt reduction talks are a sham as far as I am concerned we have been talking about this for thirty forty fifty years , thirty five years ago there was the Grace commission which said you got to stop it , and then they passed the Grand Rudman act they said we would not have a deficit spending anymore they just ignored it they continued their merry ways and they will again " in Fox Business News

Oil prices to rise Beyond Expectations

Jim Rogers says he thinks oil prices are set to rise "beyond anyone's expectations" and the US economy will slow down as a result.Aged just five, Rogers was selling peanuts for profit. He became a hedge fund pioneer, a commodities trader and, years ago, he shifted much of his money, and his family too, out of the US and into Asia.
Jim Rogers :"The IAE the international Energy Agency said that the world's known reserves of oil are declining at the rate of six percent a year , there is no Oil " "during the course of the bull market during the next ten years 150 dollars to 200 dollars a barrel , I do not know it is going to go beyond anybody 's expectation including mine and I am the bull , but there will be corrections along the way " Jim Rogers told the BBC recently

Moodys Warning Of US Downgrade

Jim Rogers On Moody's Warning Of US Downgrade , Moody's says it's reviewing America's top triple-A debt rating for a downgrade : " The US Rating rating should have been downgraded years ago , I do not know why they just now getting around to it , we know that the rating agencies do not have much of a clue about anything they get everything wrong in sub-prime they gotten everything wrong for a long time , I do not know why they do not understand what's going on

Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Every Country, Every Family, Every Individual Has Setbacks As They Rise

"Every country, every family, every individual has setbacks as they rise. China is going to have some horrible setbacks. America had unbelievable setbacks as we rose." - in CNBC.com

Commodities Are In Win-Win Situation

“If the world economy gets better, I earn money on commodities. If the global economy gets worse then they will print more money and I will make money in commodities.” - in CNBC

There Are No Sound Currencies Anymore

"There are no sound currencies anymore" - in CNBC

Carbon Tax Impact On Miners

Jim Rogers : "I would not pay much attention to that because any taxes will be passed on by the miners because the world is having shortages of nearly every metal." - in CNBC

Mining Stocks vs. Owning The Metals

If you pick the right miner or the right oil company or the right anything you are going to make a lot more money than you will owning the metal, there is no question about that. But studies show that you are better off owning the metals themselves rather than the miners or the oil companies. - in CNBC

I think I am probably going to buy some more Japanese shares

“I bought Japanese shares when the tsunami came, I think I am probably going to buy some more. I own the U.S. Dollar. It has been terribly beaten down. Everybody is bearish on the U.S Dollar including me. It’s fundamentally a terribly flawed currency. But when everybody is bearish on something it is usually a time to own it.” - in blogs.barrons.com

They Will Probably Raise The Debt Ceiling

They Will Probably Raise The Debt Ceiling And Announce Some Kind Of Wonderful Deal, Which They Will Promptly Ignore
They will probably raise the debt ceiling and announce some kind of wonderful deal, which they will promptly ignore. The United States is not going close down. It might be good for the world if the United States closed down for a while, but I can’t see that happening. Something will happen, things will look better, but then in six months or a year, things will be worse again. - in My Loans Consolidated

The US Is Going To Default One Way Or Another

We are going to default one way or the other but they may not call it a default. You can inflate your currency and pay people back in worthless money, so it can happen. - in Fox Business News

Long Commodities, Short Emerging Markets And US Technology Stocks

I Am Long Commodities, Short Emerging Markets And US Technology Stocks
I happen to be long commodities and short emerging markets and technology in the United States. I am also long currencies, I am short a major American bank and short bonds. It looks as though we are going to have a period of turmoil for a while. A market I am looking at is Japan; I own the Yen. I bought Japanese shares when the tsunami came, I think I am probably going to buy some more.

I own the U.S. Dollar. It has been terribly beaten down. Everybody is bearish on the U.S Dollar including me. It’s fundamentally a terribly flawed currency. But when everybody is bearish on something it is usually a time to own it.